#GST; Will the hike in cess on #luxurycars, SUVs end the twists and turns in #tax policy for auto sector? #Taxing | Jean Boulle Luxury | Scoop.it
Despite the auto sector crying hoarse, an ordinance has been promulgated by the Cabinet to increase the cess by 10 percent; from 15 percent to 25 percent for luxury cars and SUVs in order to plug any loss of revenue quickly.